10 Mistakes of Home Business Owners

July 1st, 2009

money home businessYes, if you are currently in a home based business, you are a business owner. You own and operate your own successful or unsuccessful business right out of your home office. For some, that home office can be where ever their feet take them, just as long as they have their phone. For others, it’s right at home in their office.

So what do business owners do? Well, they do business, and doing business means that they make money! Now, in a home business, it is just as easy to make money as it is to “not” make money. It takes the same amount of effort to succeed as it does to fail. The difference between success and failure is smaller than you think. Very small actions taken during the day, every single day, will move you closer to or farther from success.

Here are ten mistakes home business owners make that will obviously move them closer to failure:

  1. They give themselves a back door, a quit date, an ultimatum or an excuse.
  2. They treat it like a hobby instead of a business. When I think of a successful business owner, I think of someone who is his business. He is always thinking and looking for ways to increase his business. When I think of someone with a hobby, they tend to get to it when they have a little extra time. I can tell you this much, unless your home business is a priority, it will fail and produce “hobby” income.
  3. They play small. They place a little tiny ad, they market a little bit, they call a few people, they don’t think big enough. Their decisions are most likely being driven by fear, instead of ambition.
  4. Half invest themselves. In most network marketing opportunities, there are income levels. If you are not playing at the highest level you can, you are playing small. You can’t catch the BIG fish by fishing in the two foot wide aquarium.
  5. Don’t use the products. This is huge! I know in my business, I suggest to everyone I choose to mentor, to purchase the products. Purchase whatever products you would like to be paid for. Know your product! A Nike shoe salesman better have owned and used a pair of the shoes he is selling. Otherwise, he is going to look a little foolish when someone asks about the product.
  6. Inconsistency. It takes more than a few drops in a storm to soak a driveway. Instead of working their business, doing income producing activities every single day, they choose to skip it here or there. Skip your business, skip your goals!
  7. Play the blame game. It’s their mentors fault, the companies fault, the compensation plans fault or their teams fault that they haven’t had the success they came here for. Personal responsibility is a myth.
  8. Don’t follow the system. This is called “re-inventing the wheel.” In other words, thinking that their way is better. The system is in place because it works. Why re-invent something that isn’t broken.
  9. They are dishonest. You have all heard of the term, “fake it til you make it.” In my eyes, that’s a lie. Standing in front of that Mercedes and that huge home, all of which belongs to someone else, is dishonest. If it’s not yours, don’t claim that it is.
  10. Failure to mastermind. There is no other industry in the world that operates like Network Marketing. You don’t see McDonalds willing to share their marketing techniques with Burger King. Home business owners, yes that’s you, are willing to share with others the things they are doing to create success. Believe it or not, this part of the system.

Do you see? It takes just as much effort to not do things as it does to do things. Yes, you may miss a few of your favorite TV shows on your trip to success, but what would you rather have….an evening with House or an American Idol or a successful home business? One provides you with time freedom, financial freedom and a lifestyle of your design. The other is just a pastime.

Don’t fall short of the goal by making these simple, yet devastating mistakes. You are a business owner. Act like one!

Roger Bannisters Four Minute Mile

June 26th, 2009

Roger Bannisters four minute mileThroughout the history of the world there have been visionaries that existed, people who have been able to see beyond the knowledge of the rest of the masses. These visionaries have propelled humanity to new heights in science, technology, medicine, sports and every other industry out there. The list would go on and on. These visionaries accomplished things, knew things and discovered things that everyone else thought to be impossible, non-existent or fiction. They moved forward with their vision despite the opposition and belief of others and succeeded. And believe me when I say this, every single icon in history had to overcome intense opposition. Most people thought of their vision as foolish, crazy or risky.

Is this sounding familiar to you?

Roger Bannisters four minute mile

Have you heard of it? Everyone thought it would be medically impossible to break the four minute mile. Medical professionals believed that human lungs would burst if put under that kind of strain. They thought it impossible for a human to run a mile in under four minutes. Well, while the masses sat there in opposition, thinking of the impossible, Roger Bannister completed the impossible. He ran the mile in 3 minutes 59.4 seconds.

In the face of opposition and all doubt by most of the so called “professionals,” Bannister broke the laws of reason. He achieved a task that had been deemed “Unobtainable” by society and he did it against all odds.

This is just one example of a visionary that existed in his prime at that given time. He acted, and mankind from that time forward will remember his choice to act. Sure, he could have been just like everyone else, sitting there thinking about how impossible things were. That would have been easy. Instead, he trained, he worked at it and he was the first of his kind!

So back to my question, is this sounding familiar to you? Have you heard someone tell you that you were crazy, foolish or taking too large of a risk? Have you had people telling you not to do something that you had your heart set on doing? Have you had someone tell you not to start that home based business or that “thing” you wanted to start?

I sure hope so. Because if you haven’t, most likely, you are the one telling others that what they have set out to accomplish is impossible. You have a choice. You can be the one telling the visionary that he is a fool, or you can be the visionary. One way leads you to a life of fulfillment, abundance and joy. The other way, just leaves you right where you are. I can show you the door, but you yourself is the one that has to walk through it.

[youtube]http://www.youtube.com/watch?v=BEgHhijFnEU[/youtube]

Miss Your Kids?

May 14th, 2009

familyFor those of you who have children, how many of their events at school have you missed out on this year due to your job or your timely business? Now it doesn’t matter how big or how small these school events are. So whether you go just to see them sing a few songs, eat a popsicle or walk across the stage for a graduation, all are equally important to your child. If your child brings home a paper with something happening at school, most likely, parents are invited and you should go!

What I have noticed, if my daughter tells me about something coming up at her school, or asks me to go, she really wants me to go. She not just inviting me or telling me because her teacher told her to. If I can’t go, they feel left out when the actual event happens. Even if just one other parent shows up with their child and nobody else does, your child will still feel left out wondering why her Mom and Dad couldn’t be there. It means a lot to them, and it means a ton to me as a parent as well. I know it does to you also!

Tell me, is an hour of pay worth more to you than an hour with your child at school?

Today my daughter is having her end of school field day. I will be there. Earlier this week my daughter had a presentation at school. I was there. They sang four songs and then we ate cookies and punch with them for the rest of the time. It was something so simple, yet, I could see her beaming the entire time we were there. I loved every bit of it. Every event she has had at school this year, I was there.

If your job or your business is keeping you from “being there” for your kids, it isn’t worth your time! Let me say that again, if your job or business is taking precedence over your children, drop it like a rock. It isn’t worth your time.

Now, I realize that you must have an income to feed and clothe your children. There are better ways to create an income than what most people are doing right now. You can work from your own home in a home based business and have the time freedom to always “Be there!” You just have to do it. It is a choice!

And regardless of whether this offends you or not, by having a job that requires you to miss your kids events, you have directly chosen to miss those events. You can’t blame it on your job, your business or whatever. You have directly chosen not to “Be there!” You always have a choice and I want you all to realize that. Don’t spend the rest of your childrens childhood absent. Be present. Don’t ever miss out on your kids.

The Graffiti Restaurant

May 12th, 2009

graffiti restaurantA man was walking down a street. It was a very nice street with all kinds of shops, restaurants and people. It was the most prosperous street in town and this certain man was having a fantastic time. He was headed to a restaurant he had heard about and lunch time was approaching. Well, before eating the best meal he would ever have, he looked at a wall down an alley, and read something someone wrote. It said, “This is the worst street in the world. Don’t eat the food, it’s the worst food you will ever have and it costs way too much!” Well, naturally, the guy decided not to eat at the restaurant, which is also the choice that most people would make. Only very few actually go into the restaurant after reading the writing on the wall. These very few are the people that enjoy the best food and will continue to return to the restaurant regardless of what someone else says, because they know first hand and create their own opinions. It turns out, the guy who wrote that comment on the wall, which is graffiti, lives just below it in a cardboard box.

The Graffiti Restaurant

The internet is a wall full of graffiti from people who have been offended, found fault, found what they thought were greener pastures or just plainly quit. That’s why it is there. They can’t blame themselves for their own failure. That would be crazy right?! So they make their blame public by using the internet.

I mean, someone could walk into paradise and still find something wrong with it if they were looking for it. Right!? Thus is life. As an example, I live near Phoenix Arizona. I’m not saying that Phoenix is paradise okay, but when it rains, it cools off the entire town, and for a brief moment, can be paradisical. It only rains a few times a year there and people were actually complaining about the rain, wishing it would stop. This is proof that people will complain about anything, regardless of what a blessing it is.

Ten times out of ten, the guy to listen to is definitely not the guy who moves from one opportunity to the next, hoping that it will be better than the last. And ten times out of ten, the ones to listen to are not the bums writing graffiti in forums. The ones to listen to are the people who have created success. It just makes sense! You just have to ask yourself the questions, “Who do want to become like?” If you want to be a graffiti bum, take advice from the graffiti bum. If you want to be outrageously successful, take advice from the outrageously successful. Simple!

I eagerly await the day when the majority of the people take the advice of someone successful over the opinion of 30 people who are not. Following the majority has never been the way to create success in life. Otherwise, everyone would be outrageously successful. If you are following the majority, chances are, your results are just like the majority, average! Ask Albert Einstein if he followed the majority, Abraham Lincoln, Michael Jordan. There a leaders and there are followers. A follower, is not a leader.

It turns out, the restaurant owner in the story decides to leave the statement on the wall that deters so many people and is glad it is there. Why? It’s because he now gets the perfect customer. The customer who is loyal and returns often and tells all his other loyal friends about this great restaurant. The statement on the wall keeps out the ones who would have found fault, even in paradise! It keeps the ones out that are “wishy-washy” in their decisions and jump from one thing to the next. It keeps out the ones who are terrified to experience change. It keeps out the followers of the majority. The graffiti bum has actually done the restaurant owner a huge favor!

You, the one reading this, might be the one who bases decisions on what the graffiti says. If it is you, I hope you are enjoying “average!”

Choose to be the one out of 30 who can see past the graffiti and the bum living below it, who was the author of it.

Is This a Get Rich Quick Scheme?

May 4th, 2009

Get rich quick schemeFrom time to time I will get the question, “Is this a get rich quick scheme?” I think it is hilarious when I do because most people probably can’t even define what a “Get rich quick scheme” really is. I assume it is something that promises you that you’ll get rich with little or no risk or effort. I would think this would be something a little more like gambling or pyramids, something you can just throw a little bit of cash at in hopes to get a ton back.

Is this a get rich quick scheme?

Let’s analyze the phrase, “Get rich quick,” a little bit. I guess it really all depends on the rate at which one gets rich, right? Before we get into that, let’s establish what being “Rich” really is. It would be safe to say that being a “millionaire” would be a good starting point. There are a lot of factors to consider when determining if someone is really rich, so for the sake of time, let’s say a millionaire is someone who is rich.

Let’s do some basic math. I believe the average annual income in the USA is right around $35,000. How many years, at that income, would it take a person to make a million bucks? Don’t worry, I couldn’t figure it out in my head either. Here’s the numbers:

The average person will take 28.57 years to make an accumulative million dollars, with all or most of that going to pay their costs of living. This business opportunity puts you on a much quicker path to making your first million. Instead of a 29 year track, you hold the potential to do it here within 18 months to 5 years. It’s been done over and over again. It’s definitely not a get rich quick scheme, or a scheme of any kind, but definitely a get rich quicker “theme!”

Take a look at it this way. When on a long walk you come to a mountain. You can either choose to go over it or around it. Both ways will take you to the same destination. One will obviously take longer than the other and one will be a lot more risky. Which one will you choose? The one who chooses to go around, will happily stroll along using just enough energy and risk as needed to get around the mountain. The one who chooses to go over it, will become stronger with each risk, building muscle and confidence with every obstacle.

I don’t know about you guys, but I sure didn’t want to spread my first million over a period of 29 years. I took the shorter path. Really all it is, is the ability to take a risk. The risk in this business opportunity is not whether it works or not, but instead, a risk in whether or not you will work. That is the only risk there is. If you will work and make it happen, welcome to the shorter path. I look forward to working with you and seeing your tremendous success!

What’s Your Reason?

April 29th, 2009

millionaireEveryone starts a home based business for their own reasons. For some it’s for the nice home, the fancy cars, the gadgets and the nice clothes. For others it’s for the time freedom. Some people may just want to start a home business to do something different than what they are currently doing or just to get away from their job. Every single individual has their own reason. This reason, is unique, and powerful and is the fuel behind their success. It is the reason they will either fail or succeed. If their desire to obtain this “reason” is strong enough, they will succeed.

The purpose of this post is not to educate you all on the will to succeed. It’s to discuss the importance of having a reason, and knowing when you have obtained your reason.

To give you a quick example, our reason for starting a home based business initially was to make money. At least we thought that was the main reason. We had a mortgage staring at us in the face, bills that were piling up and a shortage of income to make all our ends meet. But once the money started coming in, we found out our true reason. We could have gotten a second job to make ends meet, but we were looking for so much more. We were looking for the lifestyle, the lifestyle that would allow us to spend more time together.

So many parents rarely see their children due to their work. They are not the primary influence in the lives of their children. After missing eight months out of the first year of my oldest daughters life, we made a decision to change. We weren’t about to see our children grow up without us.

Now that I look at my life, I have everything I set out to get by starting my home business. Amy and I were sitting on the back porch, reflecting on some of our goals and thinking of the life we have created for ourselves. The youngest was down for a nap, and Amy brought up our main reason for getting started with this business opportunity. It was to bring Daddy home, to make the income to support our lifestyle and to use that income to travel the world and enjoy each other. We have obtained all that we came here for. Anything we do beyond that is extra and adds to our main reason.

Four years ago when we made the decision to get started, to leave the job and to create our new future, we really had no idea how sweet it would really be. Now that we are living it, it really is that sweet.

Living your reason, your ideal life, is not a difficult thing to do. It just involves making a big choice….and then following through with passionate consistent action. And trust me, it’s a lot closer than you think…..and has always been within your grasp!

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